Meredith Whitney discount Goldman Sachs

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Given the recent surge of the title, this is not very surprising. It was only by his recommendation cons of buying in the financial sector. Meredith Whitney recommended buying shares of Goldman Sachs since July 13.

The title has appreciated by about 35% since that time and shows an increase of over 120% this year.

The analyst Meredith Whitney has delist Goldman Sachs to "hold".

The timing of Ms. Whitney is still interesting. Goldman Sachs will release its third quarter results Thursday and Wall Street seems to expect brilliant results.

And Wall Street has indeed every reason to believe that the results are very good.

First, stock markets have continued to rise in the third quarter. Second, Goldman Sachs has much less competition since the demise of Lehman Brothers and Bear Stearns. And thirdly, the bank executives have the gift to surprise with the amount of profits and incomes as well as how they go about generating them.

The management of Goldman Sachs, however, must be a little more modest in the remuneration of its employees in order not to alienate too much public opposition to the bank.

Meredith Whitney had helped to give confidence to the market three months ago by publishing his buy recommendation on Goldman Sachs in the early round of the disclosure of financial results for the second quarter. The full report of its analysis, Goldman Sachs published in July is available by clicking here.

This discount Goldman Sachs comes just days after the publication of a report rather pessimistic about the U.S. banking sector by analyst Heather Wolf, the firm UBS. ( Meredith Whitney discount Goldman Sachs )